UAE-based NRI business tycoon Yusuffali M. A. has an expansion plan in India

Posted On 2021-10-16

UAE-based NRI business tycoon Yusuffali M. A. has a meeting with Indian Prime Minister on October 14, 2021, and the Home Minister on October 15, 2021, separately for his Group's expansion plan in India including Gujarat and plan for significant imports from Kashmir to the Gulf countries.

During the meeting with PM, he also expressed his gratitude for all the help and support provided for India's NRI Investments. India's NRI outstanding investment was $141 billion in 2020-21. 

Yusuffali M. A is a Chairman and Managing Director of Lulu Group International, a significant player in the economic scenario of the Middle East with an annual turnover of USD 7.4 billion and a staff force of more than 50,000. Its worldwide operations cover business divisions in the retail segment for the famous hypermarket brand, shopping mall destinations, food processing plants, wholesale distribution, hospitality properties, and real estate development.

Retail stores present in the UAE, India, Saudi Arabia, Bahrain, Kuwait, Oman, Egypt, Malaysia, and Indonesia; with distribution companies located in India, US, Europe, Middle East countries, and the Philippines and more trading offices expected to rise in Turkey, and Vietnam.

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